Our View: Latest studies show casinos at saturation point

6:26 PM,
Feb. 27, 2014

Written by

Press-Citizen Editorial Board
Our Viewe?/

With the five-member Iowa Racing and Gaming Commission scheduled to decide in the next few months whether to grant new licenses for proposed new casinos in Linn and Greene counties, the battle of dueling economic studies has moved into the next round.

Last month, a consultant's report (paid for by the Riverside Casino) estimated that the proposed Cedar Rapids facility would result in annual losses of $62 million among existing state-regulated casinos in Eastern Iowa - with about $28 million coming directly from Riverside. The report was in direct contrast to a study (conducted on behalf of ...